This 16-unit multifamily property in North Miami Beach presents a compelling investment opportunity with a listed price of $3,600,000 and a 6.93% capitalization rate. The property consists of 14 spacious one-bedroom units and two two-bedroom units, all situated on a large corner lot. Recent renovations enhance the building’s appeal, while amenities such as a swimming pool, on-site laundry facilities, and balconies add to tenant satisfaction.
The location offers exceptional connectivity and convenience. Positioned minutes from Aventura, Sunny Isles, and Eastern Shores, the property benefits from proximity to major retail, dining, and entertainment destinations. Easy access to I-95 ensures strong regional connectivity, while nearby public transportation options support tenant mobility. The surrounding neighborhood is a high-demand residential area, contributing to consistent occupancy and rental demand.
With its combination of stable income, desirable location, and updated features, this asset is well-suited for investors seeking long-term value in a thriving South Florida market.